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On February 16 our Houston chapter presented Protecting Your Company & Managing Risk: Pragmatic Disaster Recovery, a panel discussion focusing on formulating the best plan of action for company technology and assets in the event of a natural or man-made disaster.
Our Expert Speakers Were:
Here’s What They Advised Us:
- Invest in communications training. All employees need to be made aware of who can speak to the public and the press.
- Consider the human element. Don’t rely too much on email and text – talk to people!
- Establish emergency contact information every 6 months.
- Build a recovery team and risk group in which Facilities, HR, Legal, and Finance are all included.
- Establish the areas where you absolutely cannot lose systems.
- Don’t assume that people will react under stress with what they agree to during table top demonstrations.
- Be prepared for the absence of critical employees.
- Ask yourself: What are we doing as an organization to help people who are adversely affected, all while continuing with “business as usual”?
- Make sure that your employees can get paid.
- Leave yourself the ability to procure laptops and assume that you might lose them.
- Consider your business interruption exposure.
- Identify continuity plans for your vendors.
- Split your supplier base.
- Get a cyber security assessment.
- Keep all IT systems updated.
- Review your plan regularly, focusing on what’s changed and who’s changed.
- Occasionally “flip the switch” and see if the plan works.
- And, most important, hope for the best, but prepare for the worst.
For details about the Houston CFO Leadership Council, take a look at our chapter page or contact Ginger Coleman at [email protected]. And, don’t miss out on our next event on March 9, So You Think You Can Lead?